On July 31, 2017, Lee Meche, MD, had the following balances in the ledger for his medical practice: Cash $8,800, Accounts Receivable $2,750, Supplies $585, Equipment $15,550, Notes Payable $10,000, Accounts Payable $850, L. Meche, Capital $15,000, L. Meche, Drawings $5,125, Fees Earned $10,410, Rent Expense $1,200, and Salaries Expense $2,250. Selected transactions during August 2017 follow:

Instructions
(a) Create T accounts and enter the July 31 balances.
(b) Post the transactions to the T accounts. Create new T accounts if needed.
(c) Prepare a trial balance at August 31.

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GENERAL JOURNAL Ref Date Account titles Debit Credit 2017 Aug. 1 Rent Expense Accounts Payable Cash 1,200 1,200 10 420 12 2,400 Accounts Receivable Salaries Expense 2,400 2,250 Cash Notes Payable Interest Expense 2,250 Cash Cash Accounts Receivable 5,910 2,550 31 Fees Earned 8,460 L. Meche, Drawings 4,770 Cash 4,770